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NDIC: Savannah Bank remains licensed to operate

The Nigeria Deposit Insurance Corporation (NDIC) has insisted that the defunct Savannah Bank remains a bank with operational licence even though it is currently not in operation.
FILE - In this Monday, April 29, 2019 file photo, Boeing Chief Executive Dennis Muilenburg speaks during a news conference after the company's annual shareholders meeting at the Field Museum in Chicago. Boeing’s CEO says the company made a “mistake” in handling a problematic cockpit warning system in 737 Max jets ahead of two deadly crashes of the top-selling plane. Chief Executive Dennis Muilenburg told reporters in Paris on Sunday, June 16 that the company’s communication “was not consistent,” calling that “unacceptable.”(AP Photo/Jim Young, file)

Boeing regrets ex-pilot’s 737 MAX messages, faults simulator

Boeing Co said on Sunday it understood the outcry over leaked messages from a former test pilot over erratic software behavior on its 737 MAX jet two years before recent crashes, and added it was still investigating what they meant.
Muhammadu Badaru Jigawa

Jigawa signs MoU with Chinese automaker

The Jigawa State Government has signed a Memorandum of Understanding (MoU) with a China based Polaris Motors Investment aimed at importing cheaper, durable and affordable cars into Nigerians.

Road carnage: Federal government to review special marshals’ guidelines – FRSC chief

The Federal Government has announced plans to review the guidelines of the Special Marshals, an arm of the Federal Road Safety Corps, FRSC, with a view to strengthening the operation of group in order to reduce carnage on the roads.
Hong Kong's leader, Carrie Lam, is set to formally withdraw the extradition bill that has sparked months of protests in the region, a government source has confirmed.

Hong Kong leader abandons policy speech after heckles from lawmakers

Hong Kong’s embattled leader abandoned a State of the Union-style speech on Wednesday after she was heckled by rowdy opposition lawmakers during chaotic scenes inside the city’s legislature.

Nigeria earns $338.17 million from cocoa

Nigeria earned $338.17 million from cocoa and cocoa products last year, the Nigerian Export Promotion Council (NEPC) has said.
Over 300,000 job seekers have applied for the 5,000 vacancies advertised by the National Drug Law Enforcement Agency (NDLEA).

300,000 applicants struggle for 5,000 NDLEA job

An official of the anti-drugs agency said that vacancies were for just 5,000 people According to the senior official ,300,000 application had been received by the agency.
national assembly abuja

2020 budget: Conclude defence in October or risk running without budget – National Assembly...

The National Assembly on Friday, warned Ministries Department and Agencies (MDAs) to make themselves available before October ending, to defend their proposals in the 2020 budget, or risk running without budget after the exercise in October.
An attorney representing families of passengers killed in a Boeing Co 737 MAX crash in Ethiopia said on Friday he will seek sworn evidence from a Boeing engineer who claims the company rejected a proposed safety upgrade to the 737 MAX because it was too costly.

Boeing crash victims’ lawyer to seek testimony from 737 MAX whistleblower

An attorney representing families of passengers killed in a Boeing Co 737 MAX crash in Ethiopia said on Friday he will seek sworn evidence from a Boeing engineer who claims the company rejected a proposed safety upgrade to the 737 MAX because it was too costly.
Anti-government protesters, wearing a Guy Fawkes masks and a full face mask, attend a protest in Sham Shui Po district on China’s National Day. Image via KFGO.com

Hong Kong set to ban face masks in bid to curb protests

Hong Kong lawmakers said on Thursday that Hong Kong Chief Executive Carrie Lam and her cabinet would likely seek to pass an emergency law banning face masks.
The Eze Igbo of Zamfara, Chief Egbuna Obijiaku, on Saturday commended Gov. Bello Matawalle for tackling the security challenges in the state.

Zamfara governor orders school shutdown, teachers’ suspension over ‘Quran desecration’

The Zamfara State Governor Bello Matawalle has ordered the immediate suspension of all staff of Shatima Model Primary School, Tudun Wada, Gusau in Zamfara state following the alleged desecration of the Holy Qur’an in the sewage of the school.

NNPC transfers stakes in three oil assets to NPDC

The Nigerian National Petroleum Corporation, NNPC, yesterday, signed an agreement with Nigeria Agip Oil Company, NAOC, and Oando, for the transfer of NNPC’s stake in three oil wells, Oil Mining Lease, OML, 61, 62 and 63 to its upstream subsidiary, Nigerian Petroleum Development Company, NPDC.

AITEO chief joins US chamber of commerce advisory board

The Chairman and Chief Executive of AITEO, Mr Benedict Peters, has been appointed by the United States Chamber of Commerce to serve on the Board of Advisors for the US-Africa Business Center.
Flights have been cancelled, leaving thousands stranded while on holidays after talks aimed at preventing Thomas Cook from going out of business throughout Sunday failed. Rick Findler-PA

Thomas Cook airline in Nordic region to resume flights

Flights operated by Thomas Cook Airlines Scandinavia were to resume Tuesday despite the bankruptcy of British travel group Thomas Cook, said Thomas Cook Group subsidiary Ving in Norway and Sweden.
Police face a burning barricade during protests in Hong Kong. Vincent Yu-AP

Hong Kong protest heats up as police deploy tear gas, block transport

A march in the Hong Kong satellite town of Tuen Mun escalated on Saturday as riot police fired tear gas at anti-government protesters who fled down side streets and into surrounding shopping malls.

Kogi governor calls for federal government’s intervention on Okene-Lokoja road

Kogi State Governor Yahaya Bello has described the deplorable condition of Okene-Lokoja federal road as “an eyesore.”

Digital banking startup raises $10 million for mobile banking in Nigeria

FairMoney, a Paris-based fintech startup, has closed a $10 million-euro Series A round of investment led by Flourish, a venture of The Omidyar Group, the partners of DST Global, and existing seed investors Newfund, Speedinvest, and Le Studio VC to reshape mobile banking in Nigeria and other countries.
Gov. Mai Mala Buni of Yobe on Friday presented cheques to nine beneficiary communities of the World Bank-supported projects.

Yobe governor seeks NEDC intervention on education, roads, others

Yobe State Governor Mai Mala Buni has listed key areas that he wants the North-East Development Commission (NEDC) to intervene in, as it rolls out its activities in the region to help people affected by the Boko Haram crisis to reclaim and rebuild their lives.

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Gov. Oluwarotimi Akeredolu of Ondo State has directed public primary and secondary schools submerged by flood in the state to proceed on three weeks’ holiday from Monday.

Ondo denies unconditional release of monarch from prison

Ondo State Government has denied a report that the embattled monarch of Ayetoro town in Ilaje Local Government of the state, Olorunmbe Ojagbohunmi, had been released from the prison unconditionally.
Ibrahim Magu . EFCC

EFCC chief laments widening corrupt practices in Nigeria

The Acting Chairman of the Economic and Financial Crimes Commission (EFCC), Ibrahim Magu, Tuesday lamented the widening scourge of corrupt practices pervading the country.
The Kayode Fayemi administration in Ekiti State says it has defrayed inherited debts to the tune of 31 billion naira since assumption of office.

Ekiti pensioners hail governor for improved welfare in one year

Pensioners in Ekiti State have described the first year of Governor Kayode Fayemi in office as a “huge blessing to them” in terms of better welfare package.

Nigeria Police poorest paid in Africa – ex-PSC chief

Former Chairman of Police Service Commission, Chief Simon Okeke, has described the nation’s police officers as the poorest paid in Africa amidst risks taken in the line of duties.
The Economic and Financial Crimes Commission (EFCC) on Thursday in an FCT High Court in Maitama, re-arraigned a deputy director with the National Emergency Management Agency (NEMA), Emenike Umesi, for alleged misappropriation of N54.3 million.

EFCC confirms arrest of Instagram celebrity

The Economic and Financial Crimes Commission (EFCC) has confirmed the arrest of a popular Instagram celebrity, Ismaila Mustapha popularly known as ‘Mompha.’